LONDON, Sept 24- The United States is experiencing the largest and most sustained drop in oil demand since the start of the petroleum era in 1859 thanks to improvements in efficiency and the switch to alternative fuels.» Read More
Finally, a stock that touches on three key trends: animal feed, biofuel and the environment.
The cost of filling up the family car jumped to a record high Tuesday, adding to the challenges consumers already face with falling home values and rising food prices.
Economic losses from natural and man-made catastrophes in 2007 were more than $70 billion, with insurers hit by claims amounting to $28 billion, according to research released on Tuesday by Swiss Re, the world's largest reinsurer.
Continued military tensions between Colombia and its neighbors Venezuela and Ecuador--both OPEC members--are expected to keep upward pressure on oil prices. But analysts say it won't cause a significant spike in crude as long as armed conflict is avoided.
It was all about beautiful cars and gorgeous girls as CNBC took to the ground for the 78th Geneva Motor Show, where automakers revealed their latest models, concept cars and technical and environmental innovations for 2008.
Russia's gas monopoly Gazprom reduced supplies to Ukraine by a quarter on Monday, just hours after its chairman and Kremlin candidate Dmitry Medvedev won Russia's presidential election.
Ford Motor said Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers -- or almost 5 percent of its remaining work force -- as part of an effort to cut costs and return to profitability next year.
Venezuela wants next week's OPEC meeting to discuss its escalating legal battle with Exxon Mobil, a Venezuelan official was reported by Algeria's official APS news agency as saying on Saturday.
U.S. motorists may face gasoline prices as high as $4 a gallon this summer as crude oil costs smash records, painting a bleak picture for consumers already feeling the pinch of an economic slowdown.
A big chunk of new speculative money that has poured into energy futures has gone into options, which can now play a bigger role in driving the ups and downs in the price of crude oil.
Ford Motor expects to produce 685,000 vehicles in North America during the first quarter of 2008, 55,000 fewer than the first three months of last year, the company said in a report filed Wednesday with the Securities and Exchange Commission.
The United States threw its full diplomatic weight on Friday behind the European Union's troubled Nabucco pipeline project to bring gas from the Caspian Basin to central Europe.
Top world wind power plant producer Vestas on Monday raised its 2007 sales and profit outlooks on the back of smoother production and a strong fourth quarter, sending it shares 7.9 percent higher.
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Output from the world's oil fields is declining at 4.5 percent per year -- significantly slower than the 8 percent rate many analysts have assumed, according to a study by Cambridge Energy Research Associates released Thursday.
British airline Virgin Atlantic said on Monday it would run the world's first commercial jet flight powered by biofuel between London Heathrow and Amsterdam next month.
The average price for a gallon of gasoline in the United States rose nearly 10 cents due to high crude oil prices, but they are not likely to continue to climb in the immediate future, an industry analyst said on Sunday.
French President Nicolas Sarkozy confirmed on Sunday plans to sign a nuclear cooperation agreement with the United Arab Emirates amid reports French firms could construct up to two nuclear reactors there.